The private lender’s stock has rallied nearly 43% in three days after the Reserve Bank of India’s (RBI) nod to HDFC Bank for acquiring up to 9.50% of the paid-up share capital or voting rights of the bank. The private lender reported robust growth in profit for the quarter ended December 2023, with the bottom line surging more than four times year-on-year (YoY) to Rs 231 crore.
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